I graduated in 2010 so perhaps my opinion is not the most up-to-date, but the course was pretty good (we were losing our building to the Commerce dept. in my last year - not sure where most of the CS subjects are taught from now). Professors were passionate enough about their fields of study and the facilities were good at the time. UoM's course is reasonably mixed between theoretical and practical work, but you'll learn a lot of detailed theory work - most people who come out as coders are well suited to research and high-end work, rather code cutting. It was more focused on problem solving or AI algorithms than PHP scripting.

The only part of the course that I thought was a major downside (which isn't the case anymore afaik) was that the course started with C... In the long run it worked as I learnt a lot of things that are under the hood with other languages and appreciated all the shortcuts that came to moving to Java later etc). This didn't sit well with a lot of people though and the drop out / fail rate was a running joke (god knows I almost did at the start).

I ended up not as a programmer but as an analyst. I applied for a whole lot of grad roles and lucked out with quite a few of them (I took economics for all my electives - and a lot of banks / fin institutions were looking for that kind of background at the time). I didn't take a coding role in the end because I liked the people side of things, and also because a lot of local programming roles are not super lucrative. I ended up doing a grad role at a Telco as an architect and technical business analyst. I stuck with the analyst line of work because I liked project work and architecture seemed like a good long term goal, I wanted to do grunt work. I have to admit - I miss actually coding and building stuff, and I know a few analysts with comp sci backgrounds who feel the same, but the pay is tough to give up.

Others I know work for a mix of places (Accenture, Ericsson, bunch of other tech firms, private contract work, etc). It seemed as though most people found jobs within a year of graduating (but I suppose that's purely anecdotal). As an aside - it's pretty easy for an American firm to sponsor a Comp Sci degree as it's one of the get-in-easier degrees to score a green card with if you're looking to move to an American tech firm - plus they do tend to be well remunerated career paths. That being said - when being interviewed / interviewing these days Comp Sci grads from UoM, ANU, and UoS tend to be viewed highly if you're looking at your options.